Like most months in the last few years, commercial insurance rates increased. Some more than others, but overall, and on the average, rates rose significantly. As has been the last few years, workers’ compensation is the only line to see a rate decrease. This report comes courtesy of Ivans Insurance Services who said only commercial …
Commercial Insurance Rates Keep Rising — Ivans Insurance Services Report Read More »
The Council of Insurance Agents & Brokers (CIAB) says it believes commercial insurance rates are stabilizing. It notes the words “stabilization” and “moderation” are being tossed around quite frequently by insurers and those paying attention to insurance rates. Clients and agents — however — aren’t using the same words. Research from the CIAB shows the …
CIAB & Commercial Insurance Prices — Lots of Worries Read More »
Ivans Insurance Services produces a monthly index showing insurance rates. For the last few years, those rates have been rising every month. January of 2023 is no exception. The insurance services firm notes that commercial property insurance had the biggest hike in January at 8.7%. That’s up .3% from December’s 8.4%. Umbrella rates jumped an …
